Monarch Money Baseline — 2026-04-18
Why this is in the vault
First snapshot from the live Monarch MCP integration. Establishes “agent understands the financial picture” for the channels-agent. Refresh quarterly or on material changes.
26 visible accounts across 9 institutions. Net worth $1.56M, dominated by the Tampa primary residence ($1.0M Zillow estimate, $418k mortgage) and Wealthfront brokerage stack ($437k across taxable + retirement).
Account ledger
Cash & checking (depository)
| Account | Institution | Balance | Purpose (Ben to fill) |
|---|---|---|---|
| Joint Cash Account (…3318) | Wealthfront | $293,161.57 | [needs founder annotation — sweep / HYSA?] |
| 4 - Tax (…9402) | Mercury | $29,539.75 | Profit-First tax bucket (RDCO LLC) |
| 2 - Profit (…7575) | Mercury | $18,469.54 | Profit-First profit bucket (RDCO LLC) |
| 5 - OPEX (…7282) | Mercury | $14,965.83 | Profit-First operating bucket (RDCO LLC) |
| TOTAL CHECKING (…4631) | Chase | $8,563.18 | [needs founder annotation] |
| TOTAL CHECKING (…4969) | Chase | $7,338.10 | [needs founder annotation] |
| CHASE SAVINGS (…5876) | Chase | $6,996.82 | [needs founder annotation] |
| Investor Checking (…530) | Charles Schwab | $4,139.18 | [needs founder annotation] |
| 1 - Income (…6302) | Mercury | $0.00 | Profit-First income bucket (passthrough) |
| 3 - Owner’s Comp (…8526) | Mercury | $0.00 | Profit-First owner-comp bucket (passthrough) |
Cash subtotal: $383,173.97
Brokerage & retirement
| Account | Institution | Balance | Purpose (Ben to fill) |
|---|---|---|---|
| Personal Investment (…0269) | Wealthfront | $251,165.14 | [primary taxable brokerage?] |
| ConnectWise 401(k) (…5564) | Fidelity | $87,357.54 | Former-employer 401(k) — rollover candidate? |
| Nasdaq-100 Direct (…5778) | Wealthfront | $86,171.34 | [direct indexing strategy] |
| Stock Investing (…8101) | Wealthfront | $80,673.25 | [active stock picks?] |
| Joint Tenant (…670) | Charles Schwab | $39,218.97 | [joint taxable] |
| Universal Orlando 401(k) (…2458) | Fidelity | $31,560.70 | Former-employer 401(k) — rollover candidate? |
| Rollover Roth IRA (…7020) | Wealthfront | $18,943.96 | [needs founder annotation] |
| KnowBe4 401k (…81C192) | Voya | $4,932.37 | Former-employer 401(k) — rollover candidate? |
| Traditional IRA (…8120) | Wealthfront | $0.00 | Empty — close or fund? |
| Coinbase | Coinbase | $0.00 (null) | Connection issue — balance not reporting |
Brokerage subtotal: $600,023.27
Real estate
| Account | Institution | Balance | Purpose |
|---|---|---|---|
| 1212 S Suffolk Dr Tampa FL 33629 | Zillow | $1,005,900.00 | Primary residence (Zestimate) |
Liabilities
| Account | Institution | Balance | Purpose |
|---|---|---|---|
| Mortgage (…7542) | Rocket Mortgage | -$418,410.69 | Primary mortgage on Tampa residence |
| American Express Gold (…1015) | Amex | -$3,708.63 | Personal Amex |
| Blue Business Cash (…1008) | Amex | -$2,295.40 | RDCO business card |
| CREDIT CARD (…6317) | Chase | -$291.48 | [needs founder annotation] |
| Bonvoy Amex (…2009) | Amex | $0.00 | Travel card (paid off) |
Liabilities subtotal: -$424,706.20
Totals
- Total assets: $1,989,097.24
- Total liabilities: -$424,706.20
- Net worth: $1,564,391.04
- Excluding primary residence + mortgage: net worth ≈ $976,901.73 (the truly liquid/investable picture)
Cashflow
Last 30 days (Mar 19 – Apr 18, 2026)
- Income: $24,429.00 (Paychecks $23,550 + interest $814 + other $359)
- Expenses: $26,562.24
- Net: -$2,133.24 (slight burn this month, driven by $12k tax payment — see observations)
Last 90 days (Jan 18 – Apr 18, 2026)
- Income: $70,283.59
- Expenses: $65,889.95
- Net: +$4,393.64 (savings rate ~6.3%)
- Avg monthly net: +$1,464.55
Top expense categories — last 30 days
By category group:
- Financial — $13,376.55 (50% of expenses; mostly Taxes $12,040)
- Housing — $4,549.79 (17%; Mortgage $4,527)
- Business — $3,151.77 (12%; Office Supplies $2,525, Postage $519)
- Shopping — $2,762.11 (10%; Clothing $2,457)
- Food & Dining — $911.74 (3%; Restaurants $611, Groceries $301)
- Bills & Utilities — $771.88 (3%)
- Travel & Lifestyle — $325.12 (1%)
- Auto & Transport — $265.55 (1%)
By specific category (top 5):
- Taxes — $12,040.00
- Mortgage — $4,526.51
- Office Supplies & Expenses — $2,525.18
- Clothing — $2,457.45
- Loan Repayment — $1,154.55
Budgets
Monarch budget system is configured (“groups_and_categories”) but functionally unused:
- April 2026 planned expenses: only $2,810 vs actual $21,508
- March 2026 same pattern: $2,810 planned vs $18,957 actual
- No income targets set
- Only one active goal: “Sophia’s College” (priority 1, $1,000/mo planned, $0 contributed in Mar/Apr)
This is a low-information surface today — recommend either turning budgets on properly or ignoring them and tracking discipline through the Profit-First Mercury buckets instead.
Notable observations
-
Wealthfront concentration is the dominant single-institution risk. $730k across 6 accounts at Wealthfront (47% of net worth, 75% of investable assets). Wealthfront is FDIC-insured at the cash sweep layer but the brokerage exposure is real platform-risk concentration. Worth a deliberate decision, not a default.
-
Three orphan 401(k)s totaling $124k sitting at former employers (ConnectWise $87k, Universal Orlando $32k, KnowBe4 $5k). Standard rollover hygiene candidate — consolidate into one IRA (the empty Wealthfront Traditional IRA at …8120 is sitting there waiting).
-
The 30-day burn is misleading — back out the $12,040 tax payment and you’re net positive ~$10k/mo. The 90-day average of +$1,465/mo is a more honest read. RDCO income (paychecks $23.5k/mo) is healthy but the savings rate at 6% is low for a household with $293k sitting in a Wealthfront cash account.
-
Profit-First setup is half-running. Mercury has all 5 buckets (Income/Profit/Owner’s Comp/OPEX/Tax) wired but only 3 carry balances (Profit $18k, OPEX $15k, Tax $30k). Income and Owner’s Comp are zero — suggests money is flowing through but not parking by design, or the allocations haven’t been run recently.
-
Coinbase account is connected but reporting null balance. Either zero crypto position or the connection is broken — needs a refresh check.
-
House is the asset, not the liability. $1.0M Zestimate against $418k mortgage = $588k home equity, ~38% of net worth. Healthy LTV (~42%).
Open questions for founder
- The two Chase TOTAL CHECKING accounts and CHASE SAVINGS — what’s the role split? (Personal vs Sophia vs joint?)
- Is the $293k Joint Cash at Wealthfront the de facto household HYSA, or is it earmarked for something specific (down payment for a second property, business runway buffer, planned investment)? At ~5% APY that’s $14k/yr in interest — meaningful, but if it’s idle waiting on a decision, the opportunity cost is real.
- Any plans to consolidate the three orphan 401(k)s? Empty Wealthfront Traditional IRA is positioned for it.
- Should we set up automated quarterly net-worth snapshots in the vault (cron job → markdown diff)?
- The Bonvoy Amex sits at $0 — closing or holding for travel?
Refresh policy
- Quarterly refresh, or on any material life event (job change, major purchase, inheritance, etc.).
- Next scheduled refresh: 2026-07-18.
- Live data is queryable any time via the Monarch MCP — this baseline is the slow checkpoint.